Kweku Baako exposes AfDB lies, Ghana was indeed suspended

Veteran journalist Abdul Malik Kweku Baako Jnr. has produced a memo from the African Development Bank (AfDB) proving that the bank lied when it claimed that Ghana was not on any suspension list because it had duly honoured its December 2014 debt obligations.

In a game-changing exposé, Kweku Baako said the continental bank on 18th February 2015 wrote a memo to the Ministry of Finance titled Application of Sanctions. In the memo, the Bank said full payment of arrears due 1st January 2015 had not been met.

We “wish to inform you that sanctions have been imposed 1st February 2015,” Baako quoted from the memo.

The memo is an apparent vindication of a controversial lecture delivered by NPP Vice-Presidential aspirant, Dr. Mahamudu Bawumia, in which the economist claimed that Ghana was on suspension.

The AfDB reacted in a terse statement denying suspending Ghana and said it was an “administrative error” put on the website, but corrected the same day.

The Bank’s response armed government with a charge against Bawumia as failing to cross-check his facts and seeking to alarm the investor community with his “falsehoods”.

The Ministry of Finance has demanded an apology and a retraction from Bawumia.

But Kweku Baako is accusing government of being dishonest in claiming that it had not defaulted in December debt payment.

According to Kweku Baako, Government was “aware” it had been suspended, yet went on to “verbally lynch” Dr. Bawumia for claiming Ghana’s suspension.

“Government could not have been truthful when we were told they have not received,” any memo, Baako maintained.

He turned his guns on the Bank insisting that he has evidence the Bank “lied”.

“A bank?, a bank?”, he expressed shock that a bank of AfDB’s stature would ‘lie’ to cover Ghana government.

“AfDB is being economical with the truth!” he fumed.

He said there was no way Ghana’s purported suspension could “be reduced to an administrative oversight. The bank lied”.

AfDB was “deliberately being economical and for that matter suffers credibility problems,” Baako said.

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